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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?


To: LemonHead who wrote (10279)2/14/2000 6:02:00 PM
From: OldAIMGuy  Respond to of 18929
 
Hi Keith, Last things first! Yes, I always adjust the opposite trade GTC order as soon as one fills. If I sell, I adjust the Buy and visa versa.

Mr. L was alive as of Nov. 1998, I believe. I have an address for him if anyone would like it. Please request via Private Message or email.

The value of my Equities, EXCLUDING Cash, has risen 8.7% since the first of the year. The total portfolio including cash has risen 18%. This means I've been selling all along and funneling those $$$ into the Cash Reserve - which is why it's up so much for the YTD.

AIM has capped my risk at about 8.7% above what it was at on January 1st. All the rest of the value is flowing over to safety in my money market funds.

Best regards, Tom



To: LemonHead who wrote (10279)2/14/2000 11:39:00 PM
From: Steve Grabczyk  Read Replies (1) | Respond to of 18929
 
Keith: I always adjust the opposing GTC order. It is part of the process.

It was tough to figure out why until I put pencil to paper (the original Lichello method). It all has to do with the Portfolio Control, # of shares and the value that those shares have to be to get past your $ resistance plus $ trade amount. Even though your PC doesn't change when you get a sell, the number of shares does. Since the calcs are all based on port. value the number of shares is important.

I hope this explanation doesn't confuse the issue. Tom is much better at explaining this than I.

Regards, Steve